"India's Efforts to Secure Affordable Russian Oil Amid Tightening Sanctions" India’s state-owned refiners are expediting payments for Russian crude oil to complete transactions before expanded US sanctions take effect. These refiners now settle payments within two days instead of the usual five, aiming to secure discounted Russian oil while navigating an increasingly restricted global trade environment. The urgency stems from Washington's announcement of stricter sanctions targeting Russia’s oil industry, which are set to take effect next month. Refiners are keen to ensure transactions are completed during the “wind-down” period allowed for pre-sanctioned cargoes. At least 4.4 million barrels of Russian oil are en route to Indian ports like Jamnagar, Chennai, Paradip, and Visakhapatnam. Among these shipments is the tanker Mercury , carrying over 1 million barrels of Russian Urals crude, expected to arrive in Paradip soon. This vessel loaded its cargo in mid-December ...
In a significant move towards reshaping Mumbai's urban landscape, Adani Group-led Dharavi Redevelopment Project Private Limited (DRPPL) has announced the enlistment of renowned urban planners and designers for the ambitious redevelopment of the Dharavi slum settlement. DRPPL, a joint venture between Adani Group and the Government of Maharashtra, has partnered with architect Hafeez Contractor, US-based design firm Sasaki, and UK-based consultancy firm Buro Happold. The project has also welcomed expertise from Singapore, drawing inspiration from the successful Singapore Housing Development Board's model, established in 1969, which has crafted over 1.2 million homes. Adani Properties secured the bid for the Dharavi redevelopment in November 2022, committing a substantial investment of approximately ₹5,069 crore. Despite facing opposition from political parties over concerns related to the rehabilitation of small-scale businesses within the Dharavi slum cluster, the project aims to...